NEW YORK & LONDON--(EON: Enhanced Online News)--A team of leading financial crime and compliance experts today announced
the formal launch of EXIGER,
a global regulatory and financial crime risk and compliance firm serving
financial institutions and multinational corporations. The new firm is
led by Executive Chairman Michael Cherkasky and President & CEO, Michael
Beber.

“Business growth and regulatory compliance have been working at
cross-purposes in big companies for too long”

Currently the monitor of HSBC, Mr. Cherkasky is a pioneering figure in
the world of financial crime, corruption and money laundering
enforcement. He has been the CEO of some of the largest, global
consulting and services firms including Kroll, Marsh & McLennan and
Altegrity. Mr. Beber, a forensic and investigative accountant, was the
head of strategy and M&A for Kroll and Marsh & McLennan, the President
of Kroll’s background screening group and the founding CEO of Altegrity
Risk International, Altegrity’s compliance-focused business.

Initially formed in July 2013 to lead the monitorship of HSBC, the
largest, most comprehensive monitorship to date, EXIGER is now expanding
to serve the broader universe of financial institutions and
multinational corporations around the world that are confronting some of
the most complex regulatory and compliance challenges. Launched from
offices in New York and London, with professionals on-the-ground in
locations around the globe, EXIGER combines deep legal, compliance,
investigative, economic, forensic, and board-level expertise in global
compliance and financial crime risk mitigation.

“The regulatory compliance burden on financial institutions and
multinational corporations has grown exponentially over the last several
years and we expect that trend to continue into the foreseeable future,”
said Mr. Cherkasky. “With EXIGER, we have assembled a team of the
world’s leading professionals in all aspects of financial crime
compliance and investigations – people who have solved some of the most
complex problems confronting business today – to give global businesses
the practical advice and solutions they need to thrive in today’s
marketplace.”

“Business growth and regulatory compliance have been working at
cross-purposes in big companies for too long,” said Beber. “EXIGER was
created to help businesses tackle today’s regulatory and compliance
challenges head-on, giving them the confidence to achieve their
strategic goals while accommodating regulatory change.”

Supported by a group of professionals who have run corporate compliance
programs for the world’s largest financial institutions and
multinational corporations, led federal and local law enforcement
agencies, drafted regulations and litigated some of the most
high-profile cases, the EXIGER team brings unparalleled experience and
independence to the regulatory and financial crime risk and compliance
space.

More information on EXIGER and its professionals is available at www.exiger.com

About EXIGER

EXIGER is a global regulatory and financial crime, risk and compliance
firm. EXIGER arms financial institutions and multinational corporations
with the practical advice and solutions they need to prevent compliance
breaches, respond to risk, remediate major issues and monitor ongoing
business activities. EXIGER was initially launched to lead the
monitorship of HSBC – the largest, most comprehensive monitorship to
date. EXIGER works with regulators in the US, UK and around the world to
evaluate the effectiveness of HSBC’s money-laundering and sanctions
compliance controls across its 6,300 offices in 75 countries around the
world. In addition to its monitorship work, EXIGER assists clients
worldwide to effectively manage their critical compliance challenges
while developing and implementing the policies, procedures and programs
needed to identify and avoid them in the future. EXIGER is based in New
York City and London. For more information, please visit: www.exiger.com